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Demand System Specification and Estimation PDF

232 Pages·1995·11.244 MB·English
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by Robert A. Pollak, Terence J. Wales| 1995| 232 pages| 11.244| English

About Demand System Specification and Estimation

This book explores the principal issues involved in bridging the gap between the pure theory of consumer behavior and its empirical implementation. The theoretical starting point is the familiar static, one-period, utility maximizing model in which the consumer allocates a fixed budget among competing categories of goods. The authors focus upon four issues of primary importance in empirical demand analysis: the structure of preferences, the treatment of demographic variables, treatment of dynamics, and the specification of the stochastic structure of the demand system.

Detailed Information

Author:Robert A. Pollak, Terence J. Wales
Publication Year:1995
ISBN:9780195101218
Pages:232
Language:English
File Size:11.244
Format:PDF
Price:FREE
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